20 bps on Illinois digital-asset activity is wider than the spread on most stablecoin routing, so serious venues will geofence, surcharge, or push flow through cleaner nexus. The federal drafts are moving the other way by trying to stop gas, staking receipts, and stablecoin payments from becoming tax landmines for normal users. With $315B in stablecoins outstanding, yield will not disappear if Senate language tightens; it will migrate from CEX balance programs into Aave/Spark, Sky/USDS, BUIDL/Ondo-style T-bill wrappers, and whatever "activity-based rewards" counsel can defend.

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